FEAMA told me a few years ago that I am not required to have flood insurance and now my mortgage company does not pay it from escrow. I live in New Orleans in the Navarre neighborhood between Mid-City and Lakeview. I'm about a mile or so from where the 17th Street Canal breached in Lakeview during Katrina and the house got 8 feet of water in Katrina. Not to mention the fact that my street floods every time we get a hard rain. Thanks FEMA and mortgage company, but I think I'll just go ahead and pay for the flood insurance anyway.